Ethereum Surges as Institutions Flock to Tokenized Funds

Ethereum has seen a surge in institutional product launches this summer, with several notable firms and companies deploying tokenized funds directly on mainnet or Arbitrum Orbit L2s.

This includes Robinhood Chain's launch of its own chain, Revolut's EURR, JPMorgan Asset Management's funds, as well as multiple euro and yen stablecoins. Institutional Capital Flows also saw BlackRock add BSTBL and BRSRV tokenized money-market vehicles to their offerings, followed by the announcement that they would be tokenizing $311B European cash funds via Kinexys.

Other notable launches include Neuberger Berman's HINC, Morgan Stanley's MSSE staking ETP, and Fidelity filing to enable staking across its $898M Ethereum ETF. These developments have contributed to a growing trend of institutional adoption in the crypto space.